Cheap Homes for Rent in Prospect Park Neighborhood of Brooklyn, NY from $1,000 (250 Rentals)

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Search the lowest-cost Homes available for rent right now in the Prospect Park area of Brooklyn.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Unofficial NYC Playbook: An Insider's Guide to Where to Eat, Roam, and Find Your Home in the City That Never Sleeps

Moving to NYC? Go beyond the landmarks. Our local expert shares an insider's guide to New York City's neighborhoods, finding your rhythm, and making the city feel like home.

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Prospect Park, Brooklyn, NY Local Guide

Cheapest Available Prospect Park Apartments for Rent

 

The cheapest available apartment rental in the Prospect Park area of New York, NY is a 2 Beds unit found at Ventnor Flatz priced from $850. Baltic House has the second lowest priced unit, which is a Studio apartment currently listed from $3,085. Here are the most affordable Prospect Park apartments for rent in New York, NY:

Apartment ListingModel NameBed/BathPriced From
Ventnor Flatz2 Bedroom/1 Bath2BR,1BA$850
Baltic HouseStudio - balconyStudio,1BA$3,085
160 Parkside Ave1 Bedroom / 1 Bathroom1BR,1BA$3,150
1159 Saint Johns Place2 BR, 1 Bath2BR,1BA$3,200

Best Value Apartments for Rent in Prospect Park, NY

As of May 27, 2026 the best value apartment in the Prospect Park area is the $1.67 price per square foot 870 Prospect Pl Model at 870 Prospect Pl, Unit Apt.2 in the in the Wingate neighborhood starting from $3,500. The second greatest value Prospect Park apartment is the 739 43rd St Model at 739 43rd St, Unit 2nd floor starting at $4,000 with a $2.03 price per square foot in the Bush Terminal neighborhood. Here is today’s list of the best values for Prospect Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
870 Prospect Pl, Unit Apt.2870 Prospect Pl2BR,1BA$1.67
739 43rd St, Unit 2nd floor739 43rd St3BR,1.5BA$2.03
397 Herkimer St, Unit 2397 Herkimer St4BR,2BA$3.82
1168 63rd St, Unit 1A1168 63rd St2BR,1.5BA$3.50
138 9th St, Unit Two bedroom apartment138 9th St2BR,1BA$2.44
Ventnor Flatz2 Bedroom/1 Bath2BR,1BA$1.00
160 Parkside Ave1 Bedroom / 1 Bathroom1BR,1BA$3.94
665 Rutland Rd, Unit 3665 Rutland Rd2BR,1BA$3.86
163 Linden Blvd, Unit 3163 Linden Blvd1BR,1BA$3.85
909 41st St, Unit 1f909 41st St1BR,1BA$2.92

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Best Local Schools in
Prospect Park, Brooklyn, NY

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Frequently Asked Questions about Prospect Park

What type of rentals are currently available in Prospect Park?

There are currently 9992 Apartments for Rent in Prospect Park, NY with pricing that ranges from $1,400 to $17,564. There are also 442 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect Park ranging from $1,000 to $11,500.

What is the current price range for Rental Homes in Prospect Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Prospect Park ranges from $1,000 to $11,500 with an average monthly rent of $1,975.

How much are larger Three and Four Bedroom Rentals in Prospect Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Prospect Park range from $3,150 to $11,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $11,500. Four Bedroom Single-Family rentals are also available starting from $1,150 and Four Bedroom Apartments start at $1,400.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

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The 10 Best Affordable Neighborhoods for Renting in New York City

Written by: Joshua Carlucci

New York City is the city that never sleeps, but it’s also the city that’s often synonymous with sky-high rents and steep living costs. That said, if you’re like many of us at ApartmentHomeLiving.

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Top Student Friendly Neighborhoods to Rent Near Colleges in NYC

Written by: Joshua Carlucci

New York City is more than just a destination—it’s a way of life, especially for students eager to dive into a melting pot of cultures, endless activities, and academic prestige.

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The Local NYC Experts Guide to the Perfect Neighborhoods Near Top Employers

Written by: Joshua Carlucci

New York has a funny way of making your commute part of your identity.

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The Unofficial NYC Playbook: An Insiders Guide to Where to Eat, Roam, and Find Your Home in the City That Never Sleeps

Written by: Joshua Carlucci

Every block of New York City feels like a stage set for daily life.

Articles, How-To's, and Tips

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.